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Kineco sets up design centre for rail division

Pilerne based, Kineco, unveiled a new product design and development centre for its IRIS certified rail division.   Named ZUGMAK (Zug in German means train and MAK stands for modern automation by Kineco), the centre will indigenously develop advanced systems for train coaches for the Indian and global markets. It will be manned by cross functional engineering team of designers …

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Understanding the new personal tax regime

By Tensing Rodrigues Finance Bill 2020 wants the tax payer to make a choice. One can opt to be taxed according to the existing regime or according to the new regime for the financial year 2020- 21, viz. Assessment Year 2021-22. Let us compare for the tax-payers up to age 60 as an example.    The tax slabs under the …

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Another bank failure – The script does not change

By DM Deshpande Another bank failure-this time not a small player but the fourth largest private bank. Yes Bank struggled for two years. At last it required the government’s intervention and a rescue plan. When the SBI announced a bailout it looked like a feeble, inadequate and a half-baked plan. But within days the RBI came out with a detailed …

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Covid-19 has adversely impacted way of working: Survey

As companies are implementing measures to curtail the spread of coronavirus infections in the country, a survey has revealed that majority of professionals believe the outbreak has adversely impacted their way of working. Around 63 per cent of respondents affirmed that the novel coronavirus or Covid-19 pandemic has influenced their way of working and about 33 per cent said they …

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EPFO may struggle to meet 8.5% interest rate commitment

The Employees’ Provident Fund Organisation (EPFO), the retirement savings manager, may fail to keep its commitment to pay an 8.5 per cent return to its 60 million subscribers in 2019-20 because of the bloodbath on the stock market sparked by investor worries over the impact of the novel coronavirus.   EPFO could not redeem a large portion of its Rs …

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Strengthen healthcare and pharma sectors to cope with Coronavirus crisis, says CII

The Confederation of Indian Industry (CII) is asking for strengthening the healthcare and pharmaceutical sectors for combating the Coronavirus crisis. “The private sector can support the government in medical facilities, pharmaceuticals and medical equipment”, said CII. CII suggested that hospitals in larger cities, and district hospitals in smaller cities and towns, should be identified or designated as COVID hospital for testing …

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Local salt production begins in state

With the summer season set to begin traditional production of common salt has begun in the state. Salt farming activity in the state is a traditional activity and carried out for several centuries, however the buyers of common salt are decreasing which is perhaps the reason for the decline in the traditional salt business.   March is the month when …

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Hero MotoCorp moves Supreme Court seeking extension of BS 4 deadline

Two-wheeler company Hero MotoCorp has approached the Supreme Court seeking extension of the deadline for sale or registration of BS 4 vehicles by three months.   In an interlocutory application filed at the top court, the company has cited the recent developments due to the coronavirus outbreak and the effective aforce majeure’ clause for the request to extend the March …

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Bajaj Auto transitions to BS6 compliance

Bajaj Auto launched 14 BS6 complaint vehicles across its CV range. The company launched BS6  vehicles for the RE, Maxima and Maxima Cargo brands. With the launch the company now has the widest range of commercial three- wheelers in BS 6 technology. The RE brand now comes with fuel injection (FI) Technology in a 236 cc engine across three fuel …

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New 2020 Dzire launched at base price of Rs 5.89 lakh

Maruti Suzuki India launched the latest version of Dzire. The sedan’s new variant offers a bold and sophisticated front fascia with new bumper and grille design along with modern wood finish interiors. It is powered by next-gen K-series engine and offers advanced features like cruise control and auto foldable ORVMs with key sync for enhanced customer convenience.   Unveiling the …

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